ASX Today: rise & shine – mixed US earnings as energy rises

ASX Today: rise & shine – mixed US earnings as Victoria records 14 new cases

ASX Today: rise & shine – mixed US earnings as Victoria records 14 new cases

Good morning!

Here is today’s morning wrap up:

US Exchange

On Thursday, the US markets rose as Investors analysed conflicting company earnings reports and equally conflicting economic indicators. Lower bond yields pushed bank stock prices lower. Technology stocks, on the other hand, were favoured ahead of the release of earnings from ‘mega tech’ companies next week. Microsoft’s stock increased by 1.7 percent, while Amazon’s stock increased by 1.5 percent.

The Dow Jones moved higher with a +0.07% move or +25.350 points. The S&P 500, moving +0.20% or +8.790 points. Based on technology, the Nasdaq was up overnight, closing with a +0.36% gain or +52.643 points.


ASX Today

This morning, the Australian stock market is projected to start Friday lower. The ASX 200 is predicted to open the day 15 points or 0.21 percent lower today, according to the latest SPI futures.

Previous Day ASX Wrap Up (LInk here)

By a razor-thin margin of 0.2 points, the S&P/ASX200 has set a new record closing high. The index rose 77.7 points, or 1.06 percent, to 7,386.4 at the end of the day. The best-performing sectors were energy and materials, with only the healthcare industry falling.


What stocks to watch today

The stocks to watch for the ASX today are yesterday’s best gainers; these are listed on our daily wrap-up of each trading day. For a wrap-up of the previous trading, day Gainers click here.


Day trading Thread Now Open – July 23rd

Each trading day, we feature breakfast from around the world as we discuss which trading opportunities present themselves. Today we discover traditional China’s food. Click here to post your thoughts.


Trading Halts

Companies listed below are currently in a trading halt and are expected to resume trading within the next few trading days:

Friday

Piedmont Lithium (ASX:PLL) – price query
Bard1 Life Sciences (ASX:BD1) – capital raising
Peak Resources (ASX:PEK) – mining licence
WestStar Industrial (ASX:WSI) – contract award
Vonex Limited (ASX:VN8) – funding for proposed acquisition
Dateline Resources (ASX:DTR) – capital raising


CryptoCurrency

Bitcoin: US$32,231.70 +0.50% in 24hrs (Taken from Coindesk data),
Ethereum: US$2,007.67 +1.44% in 24hrs (Taken from Coindesk data),
Dogecoin: US$0.190333 +0.22% in 24hrs (Taken from Coindesk data)


Commodities

CommodityLastOpenHighMov%Units
Brent Crude Oil 73.5373.1373.711.87%USD/BBL
Crude Oil 71.6671.4371.791.95%USD/BBL
Iron ore217221.5222.5-1.81%USD/MT
Palladium2,721.072,6302,723.042.07%USD/t oz
Coal148.77145.12150.83-0.11%USD/MT
Uranium32.532.532.50.46%USD/LBS
Gold1,806.901,811.551,823.010.25%USD/t oz
Copper4.354.314.351.40%USD/t oz
Silver25.4225.6525.740.55%USD/t oz
Nickel18,56819,20519,205-0.54%USD/t oz
Data taken from IRESS

Other News

  • As the number of cases in NSW reaches new highs, a radical lockup revamp is expected. – News
  • Pfizer’s vaccination for teenagers has been approved by the TGA. – News
  • Victoria records 14 new Covid-19 cases that were acquired locally. – News
  • After getting the first dose of AstraZeneca, a 44-year-old Tasmanian man died. – News
  • In the fight against the Delta Covid outbreak, Brad Hazzard has proposed a strict new mask exemption regulation. – News
  • The pharmacy immunisation campaign, according to Prime Minister Scott Morrison, will be accelerated. – ABC

That is this morning’s ASX wrap-up; as always, stay safe and happy trading.

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